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Chapter 03 Post-quiz 4 0.00 .2.00 6.0.00 Interest payments on long-term debt 7.1.00 8.2.00 9.1.00 10.1.00 | $50,000-$75,000 11.0.00 Lintner Beverage Corp. reported the following

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Chapter 03 Post-quiz 4 0.00 .2.00 6.0.00 Interest payments on long-term debt 7.1.00 8.2.00 9.1.00 10.1.00 | $50,000-$75,000 11.0.00 Lintner Beverage Corp. reported the following information from their financial statements: Operating income (EBIT) $10,500,000 $1,750,000 $1,000,000 Dividend income- Calculate Lintner's total tax liabi ility using the corporate tax schedule below: axabl cke $0-$50,000 $75,000-$100,000 $100,000-$335,000 $335,000-$10,000,000 $10,000,000-$15,000,000 $15,000,000-$18,333,333 Over $18,333,333 Ass urne a 70% dividend exclusion for lax on dividends. O a. $3,692,400 $0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 15% 25 34 39 34 35 38 35 b.$3,292,390 O c. $2,892,380 O d. $3,077,000 O e $2,738,530 11:36 PM MirkiTap Cenyage. IN 2 9/8018 3

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